CERRADO GOLD INC.

Metallurgical test work on Master Composite reaffirms production of DRI grade iron concentrate with combined Silica and Alumina below 2.5%; DRI grade concentrate demand to grow at a CAGR of over 9.0% p.a. for the next decade according to industry forecasts Enhanced economic magnetite iron recovery of 83%; Variability test work of the primary domains has commenced; Additional test work focused on equipment sizing is now ongoing ; Feasibility study targeted for Q1 2026 (All numbers reported in US dollars) TORONTO, ON / ACCESS Newswire / March 3, 2025 / Cerrado Gold Inc. (TSX.V:CERT)(OTCQX:CRDOF) ("Cerrado" or the "Company") is pleased to announce further positive metallurgical test results confirming the ability to produce High Purity, DRI Grade 67% iron concentrates at its Mont Sorcier magnetite iron ore project located mainly in the Cree territory of Eeyou Istchee James Bay, about twenty kilometres east of Chibougamau, Quebec, held through its 100% owned subsidiary, Voyager Metals Inc. The metallurgical tests results reflect a continuation of the test work announced in March 2024 which will be used to determine the final flow sheet design for the feasibility study at Mont Sorcier, which is expected to be completed in Q1 026.» Mehr auf accessnewswire.com

Cerrado is building undervalued world class assets to drive significant cash flow Attractive opportunity to acquire 80% of the robust Lagoa Salgada VMS Project with a Post-tax NPV of US$147 million and a 39% IRR in current Feasibility Study. Adds substantial precious metals and critical minerals exposure (34% silver & Gold, 30% Zinc, 15% copper, 14% lead, 7% tin) Expected lowest cost quartile production with US$0.59/lb Zinc Equivalent All in sustaining cost (AISC) for the first 5 years Underexplored asset with extensive exploration potential Optimized Feasibility Study due in Q3, construction decision by year end 2025 and initial production expected in second half of 2027.» Mehr auf accessnewswire.com

Annual Gold Equivalent Ounce ("GEO") Production of 54,494 GEO; in line with Guidance of 50,000 - 60,000 GEO. Q4 Production of 10,431 GEO impacted by lower than planned ore grades from residual open pits.» Mehr auf accesswire.com